South Africa: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in South Africa

In 2021, the South African non-enclosed loudspeakers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from South Africa

In 2021, overseas shipments of loudspeakers (not in enclosure) increased by 75% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed notable growth. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Overall, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -36.5% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 44%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X units), Botswana (X units) and Seychelles (X units) were the main destinations of non-enclosed loudspeakers exports from South Africa, with a combined 91% share of total exports. Lesotho and Swaziland lagged somewhat behind, together comprising a further 3.1%.

From 2012 to 2021, the biggest increases were recorded for Swaziland (with a CAGR of +29.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from South Africa were Namibia ($X), Botswana ($X) and Lesotho ($X), with a combined 55% share of total exports. These countries were followed by Swaziland and Seychelles, which together accounted for a further 11%.

Seychelles, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, waning by -29.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 245%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Lesotho ($X per unit), while the average price for exports to Seychelles ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+11,094.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Non-Enclosed Loudspeakers Imports

Imports into South Africa

After two years of decline, supplies from abroad of loudspeakers (not in enclosure) increased by 23% to X units in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 37%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 48%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Vietnam (X units) were the main suppliers of non-enclosed loudspeakers imports to South Africa, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +26.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to South Africa, comprising 74% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.7% per year) and the United Arab Emirates (-5.0% per year).

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, surging by 4.9% against the previous year. In general, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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